The impact of climate change may be worth near $ 1.5 trillion. study Published on Monday by Climate Risk Modeler First Street.
Researchers have stated that climate change will increase insurance costs and affect consumers' preferences. This is not an existing asset value, but a combination of a “feedback loop” where the population moves according to the climate risk. According to the report, insurance as a ratio of mortgage payments has increased rapidly in the past 10 years, from about 8 % in 2013 to 20 % in 2022.
This is expected to throw wrenches to growing for several decades, especially in the Sunbelt area. Here, three states, Texas, Florida, and California, have almost half of the costs related to natural disasters in the past 40 years.
The report predicts that more than 55 million Americans, including 5.2 million of this year, will shift to low -country climate interference in the next 30 years. In the same 30 years, the report predicts that 70,026 regions nationwide will lose property value due to climate -related vulnerabilities. This is a net loss of $ 1.47 trillion.
According to the report, Miami is 322 % of the heavyest spike, and Jacksonville, Florida, 226 %, and 213 % in Florida's Tampa, mainly in Sunberto. New Orleans with 196 % of spikes is the only major metropolitan area outside the top five Sunbelt to increase the premium.
In particular, insurance companies are increasingly responding to the risk of climate change, such as more intense mountains and climate change. Major housing insurance companies have recently withdrawn from California and Florida, but the latter is also high in fraud and lawsuit. California has enacted state regulations at the end of last year and demanded that insurance companies would provide compensation in areas that would easily cause wildfire.